Banking And Finance
Credit card profit pool shrinks as revolvers evolve
MUMBAI: A structural shift in how Indians use credit cards is quietly squeezing profitability for banks in the segment. The share of revolvers-customers who carry balances and pay interest-have declined…
ITR filing 2026: What salaried employees should check in AIS and Form 26AS before submitting returns
As the income tax return (ITR) filing season for the assessment year 2026-27 begins, salaried employees are advised to review details available in their Annual Information Statement (AIS) and Form…
High equity taxes dampen market sentiment amid FII outflows, West Asia war: What should investors do?
Investor sentiment in Indian equities continues to be shaped by a combination of factors, including the current geopolitical turmoil in the Middle East, persistent foreign institutional investor (FII) outflows, and…
UPI ID blocked due to cybercrime complaint? Here’s how to recover your account and restore access
Unified Payments Interface (UPI) remains the most preferred mode of payment in India for its speed, convenience and wide acceptance across merchants and individuals. Its share in digital transactions rose…
Market
US issues 30-day licence for stranded Russian oil shipments at sea
U.S. Treasury Secretary Scott Bessent said on Monday that the United States is issuing a 30-day general license to provide temporary access to Russian oil stranded at sea. “This extension…
Gold, silver rates today: Comex gold rebounds $27/oz, silver gains $1/oz as bond yields stabilise
Precious metals recovered smartly from the day’s lows in Monday’s trade on May 18 as bond yields stabilised after hitting multi-year highs last week, although gains remained capped amid rising…
Nifty claws back from 23,317 abyss; Rupee hits record low near ₹96.40
Markets staged a dramatic intraday recovery on Monday after nearly losing 400 points from the open, as the Nifty 50 crawled back from an intraday low of 23,317 to close…
Market
Delta to Prioritize Global Expansion Over Domestic Transactions
(Bloomberg) — Delta Air Lines Inc. Chief Executive Officer Ed Bastian said he’ll sit out consolidation in the US aviation market and instead focus on expanding abroad through partnerships, even…
Adani Enterprises to pay $275 million settlement to the US treasury for buying Iranian gas
Mumbai: Adani Enterprises Ltd (AEL) on Monday said it has reached a $275 million (about ₹2,650 crore) settlement with the US Treasury for purchasing $192 million worth of sanctioned Iranian…
Pearl Global plans ₹200-250 crore FY27 investment to expand manufacturing footprint
Apparel exporter Pearl Global Industries plans to invest another ₹200-250 crore in the current financial year as it looks to scale capacity, deepen its global manufacturing footprint, and stay on…
Afcons Infrastructure Q4 net loss at ₹88 crore
Afcons Infrastructure Ltd on Monday reported a consolidated net loss of ₹88.40 for the quarter ended March 31, 2026. However, the company had posted a consolidated net profit of ₹110.92…
Axis
